Linking business intelligence with electronic exchange.
Invoicing clients is part of doing business everyday, however managing credit and collection can be a painful and expensive experience.
As soon as bills are past due, they become part of the collection process –- which is when they start incurring significant costs for the biller. These costs may range from paper, printing, postage, interest due to a large DSO, external credit and collection fees to payment discounts. These expenses can have a significant impact on sales margins.
Therefore it’s vital for businesses to manage and control the collection cycle efficiently and reduce their DSO to keep costs down.
Businesses can reduce dramatically both their DSO and related collection expenses by leveraging Mail it Safe’s accelerated collection solution Cash on Time.
Through its real-time tracking of invoice consultation and electronically delivered notices, you can reach your clients at the right time, get paid first and drastically reduce collection expenses.
E-collection by Cash on Time is the most efficient way to reach delinquent accounts since the majority of customers have access to email.
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- Improve cash flow
- Foster customer relations
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- Protect confidential information
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